Hapag-Lloyd AG (OTCPK:HPGLY)
$ 88.26 -7.72 (-8.04%) Market Cap: 31.03 Bil Enterprise Value: 30.95 Bil PE Ratio: 21.43 PB Ratio: 1.47 GF Score: 84/100
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Q3 2019 Hapag Lloyd AG Earnings Call Transcript

Nov 14, 2019 / 10:00AM GMT
Release Date Price: $32.5
Operator

Ladies and gentlemen, thank you for standing by. I am Hailey, your Chorus Call operator. Welcome, and thank you for joining the Hapag-Lloyd analysts and investors conference call on the results for the first 9 months of 2019. Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; Nicolás Burr, CFO; Heiko Hoffmann, Head of Investor Relations; as well as Anna Neumark from the Investor Relations team. (Operator Instructions)

I would now like to turn the conference over to Rolf Habben Jansen, CEO. Please go ahead.

Rolf Habben Jansen
Hapag-Lloyd Aktiengesellschaft - Chairman of the Executive Board & CEO

Thank you very much, and thank you, everybody, for joining, and welcome at this call.

Let's get started. Maybe if we go directly to Page 2 of the presentation, a couple of opening remarks from our side. I think in terms of highlights, we could say that in terms -- when we talk about implementing our strategy for the next -- our Strategy 2023, I believe we are on track. When we look at freight rates and volumes, we talk of we're about 4% up so

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